Insurance Verifier Question:
Explain is it advisable to replace the policy with another policy?
Answer:
If it is not a long duration that you have bought the policy then you can replace the policy. But in other case it is not advisable as you will lose all the benefits on the previous policy also the premium will go high as you go older. Also, the two year period of contestability will also begin again.
| Previous Question | Next Question |
| Please explain what do you mean by ‘Additional Insured’? | Tell me what is the‘contestable period’ in insurance policy? |